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Clinton Portis could have bought almost anything he desired during his career in the National Football League. The 34-year old former star earned $43 million over a nine years, in which he played for the Denver Broncos and Washington Redskins. He was taken in the second round by the Broncos in the 2002 draft.
Today, the man who in the regular season rushed for 9,923 yards, scored 75 touchdowns and was voted to two Pro Bowls is in deep financial trouble..
The Sporting News reports that Portis filed for Chapter 11 bankruptcy in November, citing debts totaling $4,857,659.50.
His debts include:
* $500,000 to Entertainment Tonight correspondent Nischelle Turner
* $412,000 in unpaid domestic support to four different women
* $390,000 in back taxes
* $287,178.56 to the MGM Grand
* $170,000 to the Borgato Casino in Atlantic City
* $500,000 to his mom
* $1,223,020 in mortgage deficiencies
* $65,553 for a repossessed BMW
* $899.09 in unpaid telephone bills
According to the filings, Portis now makes $3,500 monthly from NFL disability payments, as well as $1,000 for his sideline reporting gigs.
The money issues Portis faces are unfortunately the norm for athletes in his profession.
A 2009 Sports Illustrated report found that within two years of leaving the league, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
Portis has reportedly been "a victim of swindlers," according to The Sporting News. He also lost money in a failed casino venture in Alabama.
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